[kathyspear]

Originally Posted by Normal

The home is selling/sold for 333.50 a square foot! What could that lot possibly be worth? On the high side 150K

Someone posted here a while back that water view/preserve lots were going for upwards of $250k "down south" so I am not surprised at that home's price at all.

kathy

[JMintzer]

Originally Posted by Normal

The Aspen, is a beautiful home, one of my favorites! My point is, houses aren’t going down in price. And… I just looked at the link….PENDING
The market hasn’t cooled down. The home is selling/sold for 333.50 a square foot! What could that lot possibly be worth? On the high side 150K

Oh, I agree... I guess my sarcasm level was set too low...

[ithos]

You will know when the market has cooled down when patio villas in Brownwood start showing up on The Villages for sale website.

[Robnlaura]

The good news is new housing starts are up 6%, higher in some areas. And paying 180k for a view of a retention pond is nuts. Wood futures have dropped significantly. There is always a finite amount of people on the move. Plus the expansion of the villages alone tells you there will always be a home for sale .. the 4 million homes in foreclosure nationally will have some impact but then again there are major corporations ready to snap those up

[RICH1]

Cheap living at 2.6 % interest! The Riff-RAFF is moving in... The Villages has become a low income housing development while The Del Web communities have raised the bar ..

[JMintzer]

Originally Posted by RICH1

Cheap living at 2.6 % interest! The Riff-RAFF is moving in... The Villages has become a low income housing development while The Del Web communities have raised the bar ..

Somebody must not be checking the recent sale prices...

[vintageogauge]

Originally Posted by RICH1

Cheap living at 2.6 % interest! The Riff-RAFF is moving in... The Villages has become a low income housing development while The Del Web communities have raised the bar ..

Low interest but higher purchase price equals higher payments. With nothing new available for under $200,000 and that is a very small villa with a car port and those with garages now in the mid 200's I would hardly call this a low income housing development. I believe the last announced average selling price here was in the mid 300's and many designers now nearing the $1,000,000 mark.

[JRP2TV]

Fewer sales in general right now is due to fewer homes available. It has nothing to do with people not wanting to buy.

Any good home that hits the market will get multiple offers which drives up the price. The buyers make that happen, not the seller.

I don't think it would be wise for the seller to accept the lowest offer. Why would they want to do that?

[Normal]

Originally Posted by RICH1

Cheap living at 2.6 % interest! The Riff-RAFF is moving in... The Villages has become a low income housing development while The Del Web communities have raised the bar ..

Wow, disregard the use of the linking verb “is” which should be “are”. It would be a blessing if some weren’t judging others. I like to embrace all, but your statement proves to me there are some out there who still are quite prejudice with dollars as a persons value. It’s quite sad.

2.6 is a great rate and should be taken advantage of. Why pay cash or draw funds from your Edward Jones that pays 6-8 percent all the while you keep your capital?

Delweb is cheaper for sure. Maybe you could live there with those that have gone the cheap route? Just watch out for that scary group called…”Riff-Raff.”

[dewilson58]

Originally Posted by RICH1

The Riff-RAFF is moving in...

They is here already............They was hear for years.............They post in ToTV.

[manaboutown]

Originally Posted by RICH1

Cheap living at 2.6 % interest! The Riff-RAFF is moving in... The Villages has become a low income housing development while The Del Web communities have raised the bar ..

Today I saw 1.75%, no fees, on a 15 year fixed rate loan and am following up on it.

[JMintzer]

Riff Raff...

[bhancock]

Originally Posted by manaboutown

Today I saw 1.75%, no fees, on a 15 year fixed rate loan and am following up on it.

The best way to buy a home if you are 62 or older is the H4P. You never have a mortgage payment, and you get to keep cash in your bank. PLUS, you can buy the home you really wanted, not the one you thought you could afford! It's just not very popular because most RE agents don't understand it.

[Timothyimitchell]

Indeed, both MLS and TV websites are showing slow yet steady increases in inventory. At some point the recent pricing limited demand. Looks like that point is now. But they could throw 100 patio villas at 260K and they'll sell like COCA COLA

[Timothyimitchell]

116 TV Website
89 zillow
Last week 60 and 69 respectively.
Inventory higher. Price too high. Demand will slow.